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16 September 2021 The on-line newspaper devoted to the world of transports 17:42 GMT+2

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Sched Netweb site
APRIL 1, 2016
  • G6 Alliance voids sailings in Loop 6 due to changes in market demand
  • Shanghai Port Group profit falls 3pc, but throughput up 3.5pc in 2015
  • Troubled Hyundai Merchant Marine edges from brink, reports improvement
  • China Cosco profit fell 22pc to US$43.8 million, subsidy saves it from loss
  • CSCL ends independent life with 97.5pc plunge into US$448.5 million loss
  • Factories to shutdown for Hangzhou G20 summit to cut air pollution
  • Hutchison Port Holdings stock on 'hold' rating by OCBC Investment Research
  • Long delayed Pyrenees-Calais piggyback truck-train finally gets underway
  • Made in China only 4pc cheaper than made in US: Oxford Economics report
  • Mumbai needs no cabotage relaxation as transshipments mean so little
  • Low oil prices cut US, Mexico, Canada trade value 7.7pc to US$82.4 billion
  • JAXPORT seeks bids for cargo sales and business contracts
  • Wilhelmsen Ships Service launches lifejacket suited to offshore service
  • Two mega ships run aground days apart, but refloated without incident
  • Analysts expect strong showing from Matson on Alaska trade gains
  • Brazil rejects UPS appeal, FedEx-TNT merger deal is good to go
  • Kenya cancels US$653 million replacement terminal at Nairobi airport
  • Air cargo rates fall for fourth consecutive month in February: Drewry
  • IAG Cargo extends reach to South Africa, boosting fresh fruit load
  • 'Aeroshell' wins US patent for lifting heavier payloads than zeppelins

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Exim Indiaweb site
MARCH 31, 2016
  • CKYHE reaffirm their presence at Le Havre
  • InterManager places human element at the top in shipping
  • MOL to implement business structural reforms in dry bulker & containership businesses
  • PIL extends Red Sea Gulf Service to Nhava Sheva
  • Russian market set to open up for Indian dairy products
  • Govt taking steps to make shipping industry attractive & more competitive
  • JN Port registers 4.47 m TEUs in 2015-16
  • Kandla Port creates history by becoming first Major Port to cross 100 mt in throughput
  • DICT a boon for industries in Himachal Pradesh
  • Adani Group forays into defence
  • FinMin clarifies excise duty on gold in Budget
  • Oceans, caught between the devil & the deep blue sea... - Part IV

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International Transport Journalweb site
APRIL 1, 2016
  • Ticks overtaking Brics
  • Shuttle for urban logistics in Paris
  • Air Mauritius stepping up Madagascar frequency
  • East World Express connects Europe and Asia
  • Veteran to manage Twin Cities' airports
  • VICT supporting local communities again
  • Air China to serve Dubai from Chongqing
  • Schuon gearing up for digital era
  • CKYHE members stick to Le Havre
  • Another former Menlo man finds new job
  • Delta adds capacity between Atlanta and Lima
  • Russia: freight turnover heading for 2.6 trillion tkm
  • Codognotto offering express clearance service
  • Dalibard replacing Sita's Violante
  • Almost 3 million shipments delivered in Europe
  • Nordana now represented in China
  • Air Canada Cargo eases rate structure
  • Zufall extending geographic presence

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IHS Maritimeweb site
MARCH 31, 2016
  • Norwegian shipowners expect second year of falling turnover
  • Dredging beneath the radar
  • Cold stacking a better option than scrapping, jack-up rig owners told
  • New dredgers - class of 2016
  • News from the Dredging associations: Almost WODCON!; WEDA's Pacific Chapter meeting; IADC's Safety Award
  • Freight forwarders maintain margins despite rate slump
  • Shipbuilder DSME to go 'all out' to deliver outstanding orders
  • MOL and 'K' Line tweak dry bulk operations in Singapore
  • Salvors tackle toxic cargo on Taiwan wreck
  • Hyundai Engineering-MHI JV wins Kuwait LNG terminal job
  • China's merging state-owned carriers post poor 2015 results
  • Mermaid Maritime bags ROV contract
  • Mercator Lines sells bulker number nine, this one for USD2.93 million

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The Loadstarweb site
MARCH 31, 2016
  • National Air Cargo claims United Airlines was offered $145m military contract unlawfully
  • MSC links up with INTTRA to help shippers comply with new container weight verification rules
  • Slow-steaming still cheaper for container shipping carriers, despite record low bunker prices
  • XPO signs up for 'breakthrough' rail-road Paris city logistics project
  • 4PLs: collaboration among logistics service providers creating more value for shippers
  • Trump declares war on the American supply chain
  • Logistics partner's failure to compensate workers costs Amazon $80,000

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Marine Logweb site
MARCH 31, 2016
  • New call for Canada to rethink icebreaker building plans
  • Marcon brokers sale of 1980-built Foss tug
  • VIDEO: DARPA unveils sub-hunting super drone
  • Rolls-Royce to design and equip stern trawler
  • Fincantieri books $478 million cruise ship order
  • Ship manager adds lay-up and recycling services
  • Ingalls awarded funding for DDG 123 construction

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World Wide Shipperweb site
MARCH 31, 2016
  • AAPA announces two winners for 'Port Person of the Year' honor
  • Coast Guard rescues surfer near Grays Harbor North Jetty
  • CMA CGM subsidiary company overseas transport of CALYPSO
  • US inks MOU with Cuba to boost maritime safety
  • Orion Marine awarded contract to build cofferdam around battleship

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Lloyd's Listweb site
MARCH 31, 2016
  • 2M lines to start direct Asia-US Gulf link
    New MSC-Maersk loop will transit Panama Canal but use existing panamax class ships for now
  • Institute clauses contain pitfalls, Association of Average Adjusters warns
    'All risks' policies may not cover all risks, industry audience is told
  • Dynagas Partners inks long-term deals for two LNG carriers
    Tony Lauritzen-led owner doubles its revenue backlog, settling distribution 'concerns'
  • Empros Lines joins V.Ships in new bulker management unit
    Greece-based joint venture builds on Costamare model and starts with six vessels
  • GasLog takes first of eight 174,000 cu m newbuildings
    Samsung-built 'GasLog Greece' is among seven in the series that have long-term employment with Shell
  • Compressed peak seasons for US container shipping
    Strong cargo surge that does not last as long as in former years
  • China Merchants Holdings posts 6% growth in net profits
    Robust growth in overseas ports underpins volumes and earnings
  • China Oilfield Services hit by downturn and impairments
    Revenue declined mainly on lower contributions from drilling services segment
  • MOL to cut capesize bulker fleet by 10% and sell boxships
    Mitsui OSK Lines expects $1.6bn extraordinary loss from structural reforms, slightly less than previous forecast
  • Carnival Corp income jumps on healthy cruise demand
    Lower fuel expenses also contribute to earnings
  • Shipping rates for gas to remain low through 2016
    LNG projects to come online in Australia are expected to increase downward pressure on rates
  • Product tanker trade lacklustre after Easter holidays
    Market lacking activity except for MR trades in Atlantic basin
  • APM Terminals to build new 5m teu terminal in Tangier
    Focus on transhipment at Africa's first automated facility
  • China Shipping Container Lines posts net loss for 2015
    Results knocked by vessel writedowns and depressed freight rates in container shipping market
  • Mermaid Maritime unit awarded subsea services contract in Gulf of Thailand
    Two-year contract is worth around $10m and comes with a one-year extension option
  • Mercator sells another bulker to generate cash
    Bankrupt bulker owner disposes of a further vessel for $2.9m
  • Eagle Bulk in full restructuring mode
    New $60m loan facility leaves current shareholders with just 10% of recapitalised company
  • Why dry bulk vessel values are not what they seem
    Overstated accounting values threaten accuracy of dry cargo firms' financial statements

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The Journal of Commerceweb site
MARCH 31, 2016
  • No major issues on first day of US Customs ACE rollout
  • Europe freight forwarders stand tall in daunting market
  • Maersk, MSC add all-water service to Houston, Mobile
  • Cosco, CSCL earnings illustrate need for merger
  • Collaboration held key to successful handling of mega-ships
  • Suez Canal offers steep discount, kind of
  • Russia's Bronka port starts price war for Baltic dominance
  • Highway permit denied, trucking company moves reactors over Lakes
  • G6 cancels more Asia-Europe sailings
  • Idle box ship fleet retreats from all-time high
  • APM Terminals to operate Africa's first automated terminal in Tangier

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TradeWindsweb site
MARCH 31, 2016
  • Fincantieri bags record orders, posts 2015 loss
    Italian shipbuilder loses EUR 289m during year but logs EUR 10.1bn in new contracts.
  • Eagle Bulk's quarterly operating loss grows
    But without costs of 2014 restructuring, bottom line looks better for bulker owner.
  • Eagle Bulk shares sink over dilution concerns
    Stock price plunges 50% as restructuring deal to see swathe of new shares issued to participating investors.
  • China Cosco confirms Valemax set at SWS
    Series of 10 giant bulkers placed at leading China State Shipbuilding yard.
  • Zodiac linked to Mizuho capesize
    Brokers believe Eyal Ofer-backed owner could soon add to its capesize fleet.
  • Grounded Greek supramax refloated
    Navigation on the Parana River is now re-established as EastMed's bulker freed.
  • Clarksons pay stays flat as profit climbs
    Top executives see renumeration remain stable despite jump in underlying earnings in 2015.
  • Dynagas strikes duo of time charter deals
    LNG carrier owner locks two vessels under long-term agreements but steps back from increased dividend.
  • Norwegian inks $481m luxury cruiseship deal
    Fincantieri to build 738-berth sistership to Seven Seas Explorer with delivery slated for 2020.
  • Chang Myung scraps capesize in $6.4m sale
    South Korean owner sends one of its veteran bulkers for scrap.
  • Suez Canal launches 30% toll discount
    Waterway's authority reduces its tariff after companies started avoiding Egypt to save costs.
  • Tanker blast kills two in Germany
    Explosion on motor tanker claims the lives of two workers aboard a motor tanker at Duisburg's yard.
  • APM Terminals expands Moroccan facility
    AP Moller-Maersk division in $861.5m investment at the Tanger Port.
  • MOL warns of losses from restructuring
    Japanese giant outlines restructuring plan which will see its Singaporean business transferred to Tokyo.
  • GC Rieber finds new non-oil customer
    Oslo-listed company signs eight-month deal with Nexans Norway for trenching and cable laying work.
  • Sales talk surrounds Teekay suezmax pair
    Rumours linking NAT with two tanker purchase thought to be unfounded.
  • Fake bomb warning on Attica-owned ferry
    Nothing suspicious found on Greek passengership moored at Piraeus after anonymous phone call.
  • Wintermar Offshore breaches multiple loan covenants
    Loans affected amount to 73% of its total bank debt of $120m and 24 vessels used as security.
  • Former Hawaii Superferry set for US-Canada route
    High-speed ferry set for new life re-connecting Yarmouth-Portland after seven-year absence.
  • Mercator Lines close to further asset disposal
    Shipowner enters into a memorandum of agreement for the sale of one of its panamax bulkers.
  • GoldenTree wins perch on Eagle Bulk board
    Steven Tananbaum's hedge fund comes out of recapitalisation agreement with director position.
  • Mermaid Maritime ties up second small offshore deal
    Thai offshore vessel operator awarded a subsea ROV services contract in the Gulf of Thailand.
  • At long last, Eagle Bulk strikes deal on debt
    New York-listed bulker owner to receive $105m in new liquidity as part of comprehensive recapitalisation.

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American Shipperweb site
MARCH 31, 2016
  • NEWS FLASH: 2M Alliance to launch new Asia-USEC service
  • Echo expands footprint in Chicago
  • FAA projects air cargo to grow 4.5% in 2016
  • Asian airlines post decline in February freight volumes
  • Oakland terminal shutdown first test of new arbitration system
  • OOIDA sues to block federal truck safety rule
  • Judge puts plan for BNSF railyard in Los Angeles on hold
  • K.C. logistics park adds spec warehouses

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The Bunker Bulletinweb site
MARCH 31, 2016
  • France's Bourbon acquires 3 gas transportation companies from Jaccar
    Buys leader in ethane transportation with greater than 50% market share.
  • Chinese trader PetroChina takes on fuel oil storage tanks at Port Klang
    Port has container activity growth potential.
  • Fujairah trading firm FNSA Fuel expands trading operations
    Moves to bigger office in Akron Building.
  • Singapore Q2 ex-wharf 380 CST bunker fuel term inked at $0.5-$1/mt premiums
    Tight availability in December, H1 Jan pushed up term premium for Q1.
  • US DATA: EIA says fuel oil stocks up slightly; imports, production down
    Domestic fuel oil stocks ended the week at 46.013 million barrels, a build of just 36,000 barrels from the previous reporting period.
  • Crude futures inch higher after EIA reports build in US crude stocks
    US commercial crude oil stocks increased 2.299 million barrels to 534.834 million barrels in the week that ended March 25.

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